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2012 Construction Industry Review

Are there any notable changes in private sector construction?

According to IHS Global Insight, privately funded construction saw a 14.4% increase year-on-year from August 2011-August 2012. This was fueled by the residential sector, along with lodging, office, educational and power-related construction work. Although there were slight gains in the power, transportation and amusement and recreation sub-categories, private non-residential work was -3.6% lower in September than a year previously.
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Residential construction is projected to increase 8% to $264.4 billion in 2012. Nonresidential buildings are projected to increase 4% to $341 billion, with slightly higher growth in 2013 to $361 billion. That said, fierce bidding competition among "hungry contractors" will continue to keep profit margins low.
answer provided by

JLG Industries, Inc. is the world's leading designer, manufacturer and marketer of access equipment. The Company's diverse product portfolio includes leading brands such as JLG® aerial work platforms; JLG, SkyTrak® and Lull® telehandlers; and an array of complementary accessories that increase the versatility and efficiency of these products. JLG is an Oshkosh Corporation Company [NYSE: OSK].
An Oshkosh Corporation Company